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雷达卡
【作者】：德意志银行
【文件格式】：pdf
【页数】：16
【目录或简介】：
Important structural changes are happening in China which are not
visible when looking at nationwide figures only.
High growth is shiftingfrom the coast to inland provinces and low-cost labour supply is declining as
regional development initiatives
– like the “Go West” strategy – are bearing fruit.This will reinforce structural change in coastal regions towards higher value-added
products while labour-intensive manufacturing moves to inland provinces.
Pinning hopes on China to take the place of the US consumer is
asking too much.
While private consumption offers some catch-up potentialespecially in China‟s non
-coastal provinces this will not be enough to offset theloss in demand from the US. Moreover, much of the additional demand for
consumer goods will be served by local companies.
Still, opportunities exist in inner and coastal China.
Aside from catch-uppotential in private consumption and labour cost advantages over coastal areas,
some inland provinces may serve as springboards to neighbouring countries like
Yunnan province for Vietnam or some western provinces for Central Asia.
Moreover, higher value-added production and increasing importance of non-wage
competitive factors should help to increase the importance of the services sector.
In addition to this study, we provide interactive maps and online
chartbooks for all Chinese provinces.
These include easily comparablecharts on the macroeconomic environment, as well as public finances,
infrastructure development and labour market issues. They are useful monitoring
tools for keeping track of the changing dynamics in China at the provincial level
and put provincial developments into a national context.
February 25, 2010
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